Federal disaster spending on certain selected natural and man-made disasters:
A year later we keep hearing that there are still a lot of people living in government trailers and the mess still isn't cleaned up.
Where's the money going? By my calculations, 600,000 into 122 billion works out to about $200,000 per household.
If FEMA had simply handed out $200,000 checks to people, and advised them to buy or build new homes with the money ("just don't build in the area protected by the levees, because we're going to blow them up and allow Lake Pontchatrain to find its natural level"), you'd have 600,000 families living in their own paid-for homes today.
Where's the money going?
- Hurricane Andrew - $8.1 billion
- L.A. Earthquake - $12.5 billion
- 2004 Hurricanes - $13.5 billion
- September 11 Attacks - $22.0 billion
- Hurricanes Katrina/Rita - $122.5 billion
- Number of households displaced by Hurricane Katrina as of one month post-hurricane - about 600,000
A year later we keep hearing that there are still a lot of people living in government trailers and the mess still isn't cleaned up.
Where's the money going? By my calculations, 600,000 into 122 billion works out to about $200,000 per household.
If FEMA had simply handed out $200,000 checks to people, and advised them to buy or build new homes with the money ("just don't build in the area protected by the levees, because we're going to blow them up and allow Lake Pontchatrain to find its natural level"), you'd have 600,000 families living in their own paid-for homes today.
Where's the money going?